City of Akron Community Development Corporation Grant Program

The Community Development Corporation Grant Program, offered by the City of Akron, Ohio, is designed to partner with Community Development Corporations (CDCs) to invest in projects that foster population and tax revenue growth. This is achieved through the revitalization and repurposing of vacant, underutilized, blighted, or historic buildings, increased investment in place-based infrastructure, housing rehabilitation, and public services. The program's core mission aligns with promoting urban renewal and economic development within Akron's neighborhoods. The target beneficiaries of this grant program are Community Development Corporations (501(c)(3) nonprofits located within Akron, Ohio city limits) and, by extension, the residents and neighborhoods of Akron. The impact goals include creating new housing options, enabling business creation and attraction, and providing essential resources for Akron residents. The program prioritizes projects that utilize federal Community Development Block Grant (CDBG) Funds to support investments, aiming to foster an environment conducive to sustainable growth and community well-being. The program focuses on several key areas. These include revitalizing and repurposing distressed properties, investing in infrastructure, improving housing, and delivering public services. Eligible organizations must demonstrate an appropriate use of funding in accordance with the CDBG purpose, hold a certificate of good standing with the State of Ohio, and be registered on SAM.gov with an active Unique Entity Identification Number. A crucial requirement is also the ability to provide documentation of at least three previous projects undertaken by the CDC within its footprint area, ensuring a track record of effective community development. Expected outcomes and measurable results include increased population and tax revenue growth, a reduction in vacant or blighted properties, an increase in new housing options, and the creation and attraction of businesses. While a specific "theory of change" or "foundation's strategic priorities" is not explicitly detailed as a separate entity, the City of Akron's strategic priority is clearly to utilize CDBG funds to stimulate local investment, enhance community infrastructure, and improve the quality of life for its residents. The overall goal is to foster an environment that attracts development and provides resources, thereby strengthening Akron's neighborhoods. The City of Akron has allocated a total of $500,000 for this grant program, with individual awards available up to $125,000 per applicant. The grant duration is one year, indicating a focus on projects with a relatively swift implementation and impact. This funding structure and duration suggest a strategy aimed at initiating and supporting tangible, short-to-medium-term development projects that contribute to the broader, long-term revitalization goals of the city.